Increasing tax revenues

Profitable companies pay taxes to governments. This increases the tax base in the countries in which the companies are operating, enabling governments to spend more on infrastructure and public services.

Every year, Norfund collects data on key development effects from our direct and indirect investees. The enterprises are asked to report the sum of corporate income taxes transferred to the government during the last calendar year. They also report additional forms of transfers, such as sales taxes, withholding taxes, net VAT, royalties and licence fees.